News / Features

NAR settles compensation lawsuits for $418 million and will ban commissions on MLS

NAR will prohibit offers of broker compensation or commission on the MLS.

Home prices have risen twice as fast as inflation for 60 years — but that trend may be reversing

U.S. home prices are 24 times higher than they were in 1963 — while overall inflation is just 10 times higher.

2 Illinois towns rank as best places for homebuyers on a budget

Two Illinois towns topped a recent ranking of the most desirable places for households with a yearly income of $75,000 to buy: Champaign and Peoria.

Opendoor: A portrait of first-time homebuyers in 2023

Many buyers entered the housing market for the first time in 2023. But who were these first-timers, and what did their homebuying experience look like?

BOMA/Chicago files appeal with state Supreme Court to block transfer tax referendum

The referendum which asks voters to weigh in on proposed transfer tax changes will be considered in the upcoming election, after a March 6 ruling by Illinois’ Appellate Court. Now, BOMA/Chicago is challenging that decision.

Mark Willis replaces Marc King as president at Keller Williams

Willis previously served as Keller Williams president from 2002 to 2005 and CEO from 2005 to 2015.

HUD Secretary Fudge announces retirement 

Deputy Secretary Adrianne Todman will take over as acting secretary on Marcia Fudge’s last day, March 22. 

The MG Group joins COMPASS after nearly 20 years at BHHS Chicago

The MG Group, led by Mario Greco, is leaving Berkshire Hathaway HomeServices Chicago after nearly 20 years.

NAR praises Biden’s proposals to address housing affordability  

NAR President Kevin Sears also raised concerns about Biden Administration regulations that could create hurdles to affordability. 

Chicago’s real estate transfer tax referendum is back on; CAR says vote ‘no’

After a decision by the Illinois Appellate Court, the transfer tax referendum will be counted on the March 19 ballot. Realtor associations are encouraging their bases to vote “no.”

Today’s buyers prioritize price over location

Location, location, location … at least that’s how the old real estate adage goes, right?

‘Octagonal’ homes are the most desired in Chicago

According to Zillow scrolling, octagonal homes are the most popular style in the United States — and that holds true in Chicago.

What history tells us about today’s interest rates

If your buyer is having a hard time moving on from 2021 and accepting the reality of today’s rates, a history lesson may help.

RE/MAX Next now part of RE/MAX Premier

RE/MAX Next has integrated into RE/MAX Premier, a union which leaves the firm as Chicago’s No. 1 RE/MAX agency based on combined sales.

An ‘Earthship’ landed in New Mexico

The crown jewel of architect Michael Reynolds’ sustainable vision, Vallecitos is a passive solar home within the Greater World Earthship Community, the world’s largest, legal off-grid subdivision.

This is the magic mortgage rate number to reignite the housing market

Lower mortgage rates are the one thing that could draw buyers back into the housing market, according to a new survey from Realtor.com. The magic number? Around 5%.

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